Friday, February 13, 2009

True Cost of the Fraudulus

True Cost of the Fraudulus

Heritage has posted a writeup of the House-Senate compromise on the Fraudulus bill and it is a shocker:

Rep. Paul Ryan (R-WI) asked the Congressional Budget Office to estimate the impact of permanently extending the 20 most popular provisions of the stimulus bill. What did the CBO find? As you can see from the table below, the true 10 year cost of the stimulus bill $2.527 trillion in spending with another $744 billion cost in debt servicing. Total bill for the Generational Theft Act: $3.27 trillion

I am speechless, not at the fraud of the congress and Obama, but at the media for keeping this hidden. This has passed insane and gone into criminal. I don’t know how to express in words how enraged I am. I’m having a hard time not personally blaming everyone I know who voted for Obama. This is inexcusable. This is disgusting.

And, for those who like to read the label on the rope before the hangman pulls the lever, the text of the conference report on the Generational Theft Act is finally available.

Wasteful and Non-Stimulative Spending in the House-Senate Conference Report (Note: Many of these items are typically debated and funded through the regular budget process. Including these items in an emergency “stimulus” spending bill plays an Enron-style shell game with taxpayer dollars. We’re borrowing from the next generation to avoid tough budget choices today.)• $8 billion for high-speed railway (including an earmark for an Los Angeles to Las Vegas MagLev)• $1 billion for the “FutureGen” not-ready-for-primetime near zero emission plant in Illinois• $53.6 billion for the “state stabilization” slush fund• $1.3 billion for Amtrak• $24 million for USDA buildings and rent• $176 million for renovating Agricultural Research Service buildings• $290 million for flood prevention activities• $50 million for watershed rehabilitation• $1.4 billion for wastewater disposal programs• $295 million for administrative expenses associated with food stamp program• $1 billion for the 2010 Census• $200 million for public computer centers at community colleges and libraries• $650 million for the DTV converter box coupon program• $360 million for construction of NIST buildings• $830 million for NOAA research and facilities• $2 billion for Byrne JAG program• $10 million to combat Mexican gunrunners• $125 million for rural communities to combat drug crimes• $1 billion for the COPS program• $1 billion for NASA• $300 million to purchase scientific instruments for colleges and museums• $400 million for equipment and facilities at the NSF• $3.7 billion to conduct "green" renovations on military bases• $375 million for Mississippi River projects• $10 million for urban canals• $5 billion for weatherizing buildings• $2 billion to develop advanced batteries for hybrid cars• $3.4 billion for fossil energy research (possibly including an earmark for FutureGen)• $5.1 billion for environmental cleanup around military bases• $5.5 billion for "green" federal buildings• $300 million for "green" cars for federal employees• $20 million for IT upgrades at the Small Business Administration• $200 million to design and furnish DHS headquarters• $210 million for State and local fire stations• $125 million to restore trails and abandoned mines• $146 million for trail maintenance at National Park Service sites• $140 million for volcano monitoring systems• $600 million for the EPA Superfund environmental cleanup program• $200 million to clean up leaking underground storage tanks• $500 million for forest health and wildfire prevention• $25 million for the Smithsonian Institution• $50 million for the National Endowment for the Arts• $1.2 billion for "youth activities" (for "youth" up to 24 years old)• $500 million earmark for NIH facilities in Bethesda, MD• $1 billion for Head Start• $32 million for home-delivered nutrition services• $160 million for volunteer programs at the Corporation for National and Community Service• $500 million earmark for the SSA National Computer Center in MD• $220 million for the International Boundary and Water Commission, U.S. and Mexico